First quarter-strip trade brokered for CME lithium futures contract [UPDATED]

A quarter-strip trade for lithium has been brokered for the first time against the CME Group’s cash-settled lithium futures contract, which is settled against Fastmarkets’ assessment of the spot price for battery-grade lithium hydroxide at cif China, Japan and South Korea basis.

The counterparties agreed on a transaction price of $39 per kg for a total of three tonnes of lithium hydroxide on Monday December 6 - one tonne for each month of the second quarter of 2022.
Freight Investor Services (FIS) confirmed to Fastmarkets that it had brokered the trade.

The trade took place amid a widely expected supply deficit...

Published

Susan Zou

December 07, 2021

07:32 GMT

Shanghai